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European Commission to probe Saipem-Subsea7 tie-up

The in-depth Phase II investigation was opened after a preliminary review identified concerns in the subsea umbilicals, risers, and flowlines market for oil and gas, where Saipem and Subsea7 are two of the three leading global suppliers and the only comparable remaining competitor is considerably smaller. The European Commission noted its initial findings show the merger is complementary in offshore wind, and the parties notified the transaction on 16 June 2026, giving the commission until 26 November 2026 to decide.
Competition